Company still classed as trading | AccountingWEB

Company still classed as trading

If a company has ceased trading in one accounts period but has continued to pay insurance and loan repayments on a business loan into the next period, would it still be classed as trading?

If, the company were then to claim terminal loss relief, would it be able to claim the insurance and interest on loan payments that it has made in the AP after it has stopped trading?


There is 1 comment. Login or register to view it.

What has the company been doing

tringyokel |